Associated Metals & Minerals Corp. v. M/V Arktis Sky

LAY, Senior Circuit Judge:

This appeal involves an action in rem brought in the district court by Associated Metals & Minerals Corp. against the vessel M/V Arktis Sky; its operator, Erhversin-vestering K/S; as well as its owner, Elite Shipping I/S. Elite Shipping entered into a charter party agreement with Altos Hornos De Vizcaya, S.A., a non-party to this action, to ship a cargo of galvanized steel sheets in 398 coils from Bilbao, Spain to Port Elizabeth, New Jersey. The shipper/charterer, Altos Hornos, sold the coils to Associated Metals. Altos Hornos contracted with its own stevedore,…